natural gas

Mexican state utility Comisión Federal de Electricidad (CFE) said it is looking into possible corruption related to natural gas contracts with WhiteWater Midstream LLC. CFE said that natural gas contracts signed in 2016 and 2017 under the previous Mexican administration are under investigation on both sides of the border for potential corrupt practices including influence…

The Pittsburgh International Airport (PIA) has completed a first-of-its-kind microgrid that’s powered by Marcellus Shale natural gas and solar panels. The microgrid will power PIA’s entire campus, making it the first airport in the world to receive its electricity entirely from a microgrid.  “Pittsburgh International Airport is now one of the most site-hardened public facilities…

Natural gas futures on Monday cruised higher for a second consecutive session as forecasts pointed to stronger weather-driven demand over the back half of July. The August Nymex contract advanced 10.5 cents day/day and settled at $3.779/MMBtu. The prompt month had gained 6.0 cents on Friday to close out trading last week. The September contract…

Natural gas futures rebounded on Friday, following three straight daily losses, as traders mulled the potential for paltry levels of stockpiles ahead of the withdrawal season later this year. The August Nymex contract gained 6.0 cents day/day and settled at $3.674/MMBtu. September advanced 5.7 cents to $3.658. NGI’s Spot Gas National Avg., however, fell 13.5…

The dynamics of the nascent Mexican natural gas market are shifting once again with the 2.6 Bcf/d Sur de Texas-Tuxpan marine pipeline on the cusp of becoming the main source of supply into Mexico. On July 13, the marine pipeline transported 1.339 Bcf into Mexico’s southeast, slightly below the 1.439 Bcf seen on the Ramones…

Natural gas futures rebounded early Wednesday, as liquefied natural gas (LNG) levels bounced back and reassured markets of robust export demand. Still, bearish tilts in domestic weather outlooks and estimates for a higher storage injection put downward pressure on futures in afternoon trading. The August Nymex contract ultimately fell 3.6 cents day/day and settled at…

Plans for Mexico’s state oil company Petróleos Mexicanos (Pemex) to enter the retail liquefied petroleum gas (LPG) business bode poorly for competition, consumers and the company itself, according to local energy sector stakeholders. President Andrés Manuel López Obrador announced last week that Pemex would launch a subsidiary called “Gas Bienestar” or “Gas Wellbeing” within three…

Natural gas futures on Tuesday slid lower, following forecasts for a pullback in weather-driven demand and lower liquefied natural gas (LNG) levels in the wake of maintenance work.  The August Nymex contract shed 5.3 cents day/day and settled at $3.696/MMBtu. A day earlier, the prompt month had gained 9.2 cents. September fell 5.0 cents to…

New Fortress Energy Inc. (NFE) has reached an agreement for liquefied natural gas (LNG) supply through 2027 for most of its import terminals and power generation facilities. The company has nine import terminals in operation or under development in the Caribbean, Central America, Mexico and South America. It imports LNG in underserved markets where it’s…